Property profile

609 6th Ct Panama City, FL 32401

OFF-MARKET
Medical Office Space
Property ID
US18-4223150
5,247 SF 0.24 ac lot Built 2020
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,247 square foot, single-story medical office building constructed in 2020, located at 609 E 6th Court, Panama City, FL 32401. The property sits on a 46,173.6 square foot lot and is currently 100% leased to reputable tenants with reliable lease agreements. The building boasts a contemporary design and features two mirrored sides, maximizing functionality and workflow. Ample parking is available for staff and patients. Its strategic location offers easy access to major highways 231, 77, and 98, ensuring convenient transportation. The asking price is $1,400,000. The property includes four parcels: 20364-000-000, 20365-000-000, 20366-000-000, and 20367-000-000. Approximately 2,400 square feet of space could become available relatively quickly if needed. This prime location in a major medical hub provides both immediate rental income and significant long-term appreciation potential, making it an ideal investment for discerning buyers seeking a stable and profitable asset. The property's proximity to Ascension Sacred Heart Hospital further enhances its desirability and value.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2020
Total area 5,247 SF
Lot 0.24 ac (10,498 SF)
Zoning code PC04
APN 20365-000-000
UPID US18-4223150

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Spa & Massage Center Skin Care Clinic
  • Weight Loss Service Cosmetic Surgeon

Location

609 6th Ct Panama City, FL 32401-3605
Panama City metro Census 1600 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$758k
Blend (final) Blend
$635k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2018
Price N/A
1999
$28,571

Zoning & alternative use

PC04 · Panama City, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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